A round up of announcements and actions by the state's insurance regulator, a consumer advocate and an industry trade association.

California residents have switched to a state-backed “last resort” insurance plan that is now facing staggering loss ...

In a customer advisory, State Farm revealed that so far it has received over 10,100 total home and auto claims and has paid ...

As of this writing on Jan. 14, fires in the Los Angeles Basin have destroyed more than 10,000 structures (threatening another 52,000+) and burned more than 48,000 acres — and that’s just the Eaton ...

Susan Rubio, a Democrat from Baldwin Park, will refill the vacancy that Senate leaders briefly left open for a few weeks ...

California Gov. Gavin Newsom signed legislation Thursday afternoon that directs $2.5 billion in relief to help support wildfire response and recovery efforts in Los Angeles. There are no major ...

Adorned with moderate coastline temperatures, golden beaches, plush, vibrant blue waves, towering cinnamon-colored Redwood ...

Some policyholders who suffered total losses in L.A. fires are not getting claims advances for their living expenses and loss ...

Rising housing, energy and insurance costs could force Gov. Gavin Newsom and the Legislature to spend more money helping ...

Steven Greenhut joins us to discuss how California’s ongoing insurance crisis could be a double whammy for Southern California wildfire victims looking to rebuild. He gives the history of the state’s ...

BOSTON, Jan. 22, 2025 (GLOBE NEWSWIRE) -- The Extreme Event Solutions group at Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates that insured industry losses to ...

The limited exposure of reinsurers reflects a strategic reduction in their natural catastrophe risk exposure in recent years.